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Bulls return as govt keeps date with GST

DNMUM390886 | 6/20/2017 | Author : DNA Money Correspondent | WC :343

Mumbai : Indian markets witnessed a smart recovery as the bullish sentiment got fortified on positive developments on the domestic front. Both the Sensex and Nifty hit fresh intra-day highs following goods and services tax (GST) headway.
While the BSE Sensex made a fresh closing high at 31311.57, jumping 255.17 points, or 0.82%, Nifty reclaimed 9600 level ending at 9657.55, by gaining 69.50 points, or 0.72%.
Banking counters witnessed a flurry of buying on hopes of resolution of non-performing assets (NPAs) issue after the Reserve Bank of India (RBI) asked lenders to initiate bankruptcy proceedings against large defaulters. The rally was led by State Bank of India, Axis Bank, HDFC Bank and ICICI Bank which climbed up to 1.9
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Srei Group plans to list two companies by March, aims to raise `2,700 crore
DNMUM394716 | 8/18/2017 12:00:00 AM | Author : Sumit Moitra | WC :281

Kolkata: Kanoria family-controlled Srei Group is surely set to get cash-rich by the end of 2017.
The group would execute initial public offerings (IPOs) of two companies -- Bharat Road Network and Srei Equipment Finance - by March, chairman and M
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IT ministry drafts data protection law
DNMUM394717 | 8/18/2017 12:00:00 AM | Author : Mansi Taneja | WC :732

New Delhi: In the first draft of Data Protection and Governance Act, the Union IT and electronics ministry has proposed to put all digital data captured through handheld, desktop or systems manually or through biometric and point of sale (PoS) device
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SBI adds `70,000 cr bad loans on merger
DNMUM394718 | 8/18/2017 12:00:00 AM | Author : Manju AB | WC :409

Mumbai: The merger of five associate banks with State Bank of India (SBI) has brought in about Rs 70,000 crore of bad loans into its balance-sheet, pushing its total gross non-performing assets (NPAs) to Rs 188,069 crore at the end of the first quart
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PNB, HDFC Bank, YES cut savings account rates
DNMUM394719 | 8/18/2017 12:00:00 AM | Author : DNA Money Correspondent | WC :210

Mumbai: Half-a-dozen banks have followed the footsteps of the State Bank of India (SBI) and brought down their interest rates on the savings bank deposits.
Most have kept their savings bank rate at 3.5%, specially for the smaller depositors. The
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